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Lesson
Fiscal reform, pensions, and capital markets reforms are inextricably linked, because of the role each plays in economic development. Subprogram 2 supported the development and approval of the Capital Market Development Strategy, 2022–2028 by government decree, which includes a commitment to develop a green bond framework. This provides a strong basis from which to develop a broader integrated program to support not just fiscal resilience but also further capital market reforms in conjunction with the Finance Sector Office.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
Well planned and logically sequenced policy actions are crucial to maximizing impact of reform programs and ensuring the sustainability of reforms.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
It might be useful to develop a climate finance strategy for the state-owned enterprises(SOE) sector, building on the experience and lessons from this program's. Assessment of the fiscal risks associated with climate change was incorporated into subprogram 2. This highlights the significant role SOEs can play in addressing climate change impacts and supporting the countries climate obligations. Given this, it might be useful to establish a climate finance strategy for the SOE sector, building on the experience and lessons from this program.

Project Number: 54271-001, 54271-002
Project Name: Fiscal Resilience and Social Protection Support Program (Subprograms 1 and 2)
Report Date:
Lesson
An innovative approach is needed to encourage the government in implementing critical reforms, but the approach needs to be culturally sensitive. The program shows that a reform associated with a wage bill is difficult to implement. Layoffs or significant cuts in overtime payment have social ramifications and need to be dealt with sensitively, especially when there are limited alternative employment opportunities.

Project Number: 55016-001
Project Name: Economic Recovery Support Program
Report Date:
Lesson
Effective coordination and harmonization of policies, strategies, and action plans among the development partners can meaningfully support fragile countries. The joint policy reform matrix (JPRM) demonstrated how four development partners came together to provide sizable budget support to Tonga in its hour of need, when the country faced multiple challenges, including disasters triggered by natural hazards, the COVID-19 pandemic, and a fragile economy.

Project Number: 55016-001
Project Name: Economic Recovery Support Program
Report Date:
Lesson
Strong government commitment and leadership is critical to the implementation of reforms. In this project, this enabled the successful implementation of policy actions and reforms agreed under the post-program partnership framework (P3F). The single-tranche, stand-alone modality combined with the P3F was useful in bridging a period of high uncertainty, continuing and building on reforms from the previous programmatic approach while providing flexibility to reflect the new government’s priorities in a follow-on medium-term reform program.

Project Number: 55116-001
Project Name: Sustainable and Resilient Recovery Program
Report Date:
Lesson
A combination of policy-based lending (PBL) and technical assistance (TA) engagement, based on ADB's differentiated approach in small island developing states (SIDS), can further enhance the impact of ADB assistance to public sector management in Fiji. The design of this reflected ADB's differentiated approach in SIDS, spreading reforms across complementary areas and government units while combining policy actions that introduce or advance policy and legal frameworks with those that support their implementation.

Project Number: 55116-001
Project Name: Sustainable and Resilient Recovery Program
Report Date:
Lesson
Continuous and consistent technical assistance (TA) is crucial to the successful implementation of reform programs and sustainability of the reform process. This program is built on the long-term engagement of ADB and development partners in Fiji. It therefore benefited from extensive TA in public sector management, reforms introduced through the previous PBL, and project investments in the water and energy sectors.

Project Number: 55116-001
Project Name: Sustainable and Resilient Recovery Program
Report Date:
Lesson
The potential for success of any innovation cannot be established without taking risks.Taking the risk of an innovative program design that piloted the use of the policy-based lending (PBL) modality for contingent disaster financing (CDF)—for only the second time in ADB (following the Cook Islands’ Disaster Resilience Program) and the first time at the regional level—has led to significant success. It contributed to policy change and product innovation at ADB.

Project Number: 50028-001, 50028-002
Project Name: Pacific Disaster Resilience Program (Phases 1 and 2)
Report Date:
Lesson
When designing results frameworks, the use of policy actions as results indicators should be minimized. If the indicator measures the reform success by the completion of the policy actions, it provides little information on the success of that policy action and undermines the relevance of the policy action for no result is achieved other than itself.

Project Number: 53248-001
Project Name: Second Public Efficiency and Financial Markets Program
Report Date:
Lesson
The program reaffirms the importance of ADB's long-term engagement in local governance reform. Its success can be attributed to policy actions in such areas as revenue generation, budget reform, and enhanced planning processes that were the emphasis of previous ADB programs. New policy reform areas such as Ease of Doing Business arose from dialogue with the government on new priorities.

Project Number: 52173-001, 52173-003
Project Name: Local Governance Reform Program
Report Date:
Lesson
Subsidiary regulations can have a significant impact. For example, in support of the Ease of Doing Business Act, the various joint memorandum circulars issued by government agencies had an immediate impact.

Project Number: 52173-001, 52173-003
Project Name: Local Governance Reform Program
Report Date:
Lesson
The use of IT has become part and parcel of fiscal decentralization efforts. Before the program, most agencies were hesitant to invest in IT infrastructure and resorted to grants from development partners. The program encouraged the government to appreciate the importance of sustaining the systems from the local governments' own budgets, greatly reducing the risk that the systems would not be sustained.

Project Number: 52173-001, 52173-003
Project Name: Local Governance Reform Program
Report Date:
Lesson
Public finance management (PFM) reforms are complex and require a long-term high level political commitment and flexibility to maximize the development impact. The progress made under PFM reforms can also be non-linear in nature, which requires greater effort to revisit reforms and to embed and institutionalize complex reforms as part of the “norm” in core government processes such as policy planning and budgeting.

Project Number: 52146-001
Project Name: Strengthening Public Finance Management Program (Subprogram 1)
Report Date:
Lesson
Institutional and technical capacities to effectively implement PFM reforms remain weak, and absorptive capacities remain low. This can often be further compounded by frequent changes in leadership and staffing, which can cause further delays. ADB's continued engagement with the Ministry of Finance must be at all levels of the administration (management and operational levels) to strengthen the institutional and organizational capacity and reduce the impact of staff turnover on reform impact.

Project Number: 52146-001
Project Name: Strengthening Public Finance Management Program (Subprogram 1)
Report Date: